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FOR IMMEDIATE RELEASE Jefferies Hires Senior High Yield Sales Professional; Curtis Schade Joins Leading Team of High Yield Veterans NEW YORK, Feb 24, 2003 (BUSINESS WIRE) -- Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), today announced the hiring of Curtis W. Schade as Executive Vice President of High Yield Sales. Mr. Schade will report to David W. Schwartz, Director of High Yield Sales and Trading, and will be based in the firm's Short Hills, New Jersey office. "While we remain focused on containing costs during this difficult period for our industry, we continue to increase our market presence in strategic areas through key hires like Curt Schade as we position Jefferies for the years to come," commented Richard B. Handler, Chairman and Chief Executive Officer of Jefferies. "Curt Schade is an excellent addition to Jefferies' outstanding sales and trading effort in high yield and distressed securities," added Mr. Schwartz. "I am excited to join Jefferies' strong effort in high yield and look forward to the opportunities of the firm's entrepreneurial platform," said Mr. Schade. Prior to joining Jefferies, Mr. Schade was a partner at Birch Advisors, LLC, a financial consulting firm specializing in debtor and creditor advisory. Previously, he was a Managing Director of High Yield Sales at Donaldson, Lufkin & Jenrette and held prior positions in high yield at Bear, Stearns & Co. Inc. and First Boston. Mr. Schade has worked in the securities industry for over 20 years. Jefferies is a top trader and underwriter in the high yield market. The firm's high yield sales and trading group trades high yield bonds, bank loans, special situations, trade claims, preferred stock and other leveraged and distressed securities for institutional investors. Jefferies' high yield group trades over $11 billion per year in more than 500 issues with more than 1,200 institutions. About Jefferies Jefferies & Company, Inc., the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF), is a full-service investment bank and institutional securities firm focused on the middle market. Jefferies offers financial advisory, capital raising, mergers and acquisitions, and restructuring services to small and mid-cap companies. The firm provides outstanding trade execution in equity, high yield, convertible and international securities, as well as fundamental research and asset management capabilities, to institutional investors. Additional services include correspondent clearing, prime brokerage, private client services and securities lending. The firm's leadership in equity trading is recognized by numerous consulting and survey organizations, and Jefferies' affiliate, Helfant Group, Inc., executes approximately twelve percent of the daily reported volume on the NYSE. Through its subsidiaries, Jefferies Group, Inc. employs more than 1,350 people in 21 offices worldwide, including Atlanta, Boston, Chicago, Dallas, Hong Kong, London, Los Angeles, New York, Paris, San Francisco, Tokyo, Washington and Zurich. Further information about Jefferies, including a description of investment banking, trading, research and asset management services, can be found at www.jefco.com. CONTACT: |
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